GMAC Mortgage Halts Evictions, Foreclosed Home Sales

In April, Luis Fitzgerald and his wife Miriam were, in his words, "literally kicked out" of the foreclosed Orlando, Fla., home they purchased a decade ago. In Florida and other states with judicial foreclosure laws, banks must file a summary judgment motion in order to take possession of a property where the owners have defaulted on a loan. The motions must be backed by an affidavit from a "witness" who has reviewed the files and confirmed that the lender actually owns the mortgage note. ...Full Story
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